It should be very difficult for your insurance company to cancel your policy without your knowledge. But there are a few different factors that go into why an insurance company would cancel a policy.
The biggest and most obvious reason is just the non-payment of premiums. If you miss payments, or fail to pay your premiums, then the company has every right to cancel your policy.
If you commit any type of fraud, or provide any false information to the insurance company, then they have the right to cancel your policy.
When you make significant changes to your home, like building a pool or doing renovations, you must inform the insurance company. If you fail to do so they can also cancel your policy.
If your insurer changes its underwriting criteria or decides to exit certain markets, they may cancel policies that no longer fit their guidelines. A lot of homes in the California markets have seen this issue. After the devastating fires that tore up the state, a lot of insurance providers do not want to insure homes in the area.
Neglecting your home is a quick and easy way to get your insurance pulled, if the company feels that you are letting your home get away from you, they can cancel your policy.
If you are currently going through a lawsuit, or there are any legal troubles related to the property. Then the insurance company can cancel the policy
If you live in a high risk location, like a flood zone, then your insurance company can decide to cancel your coverage.
If you have any worries that your insurance policy may get canceled, give AZ Insurance Team a call today at (480) 535 5709! We can help you get a policy that is right for you!
Independent insurance brokerage located in Tempe, AZ. We offer auto insurance, homeowners insurance, life insurance, renters insurance, commercial insurance…
Disclaimer: Coverage will vary on state, insurance company, and type of policy.
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